Consolidated Statement of Cash Flows for 2022
In EUR mn |
|
|
|
|
Note |
2022 |
2021 |
---|---|---|---|
Net income for the year |
|
5,175 |
2,804 |
Depreciation, amortization, impairments and write ups |
2,667 |
3,935 |
|
Deferred taxes |
85 |
10 |
|
Current taxes |
5,505 |
2,056 |
|
Income taxes paid |
|
(4,266) |
(1,135) |
Tax refunds |
|
68 |
24 |
Losses/(gains) from disposal of non-current assets and businesses |
(344) |
(267) |
|
Income from equity-accounted investments and other dividend income |
(879) |
(619) |
|
Dividends received from equity-accounted investments and other companies |
812 |
2,007 |
|
Interest expense |
154 |
175 |
|
Interest paid |
|
(182) |
(207) |
Interest income |
(264) |
(156) |
|
Interest received |
|
247 |
78 |
Increase/(decrease) in personnel provisions |
(13) |
(13) |
|
Increase/(decrease) in provisions |
(195) |
(16) |
|
Other changes |
1,274 |
221 |
|
Cash flow from operating activities excluding net working capital effects |
|
9,843 |
8,897 |
Decrease/(increase) in inventories |
(2,188) |
(1,084) |
|
Decrease/(increase) in receivables |
(397) |
(1,932) |
|
Increase/(decrease) in liabilities |
501 |
1,136 |
|
Changes in net working capital components |
|
(2,084) |
(1,881) |
Cash flow from operating activities |
|
7,758 |
7,017 |
Investments |
|
|
|
Intangible assets and property, plant and equipment |
(2,943) |
(2,497) |
|
Investments, loans and other financial assets |
(736) |
(382) |
|
Disposals |
|
|
|
Proceeds in relation to non-current assets and financial assets |
|
1,487 |
397 |
Proceeds from the sale of subsidiaries and businesses, net of cash disposed |
|
440 |
661 |
Cash disposed due to the loss of control |
|
(214) |
— |
Cash flow from investing activities |
|
(1,966) |
(1,820) |
Increase in long-term borrowings |
0 |
250 |
|
Repayments of long-term borrowings |
(1,047) |
(2,287) |
|
Increase/(decrease) in short-term borrowings |
(184) |
61 |
|
Increase in non-controlling interest |
30 |
— |
|
Decrease in non-controlling interest |
|
(1) |
(4) |
Dividends paid to stockholders of the parent (incl. hybrid coupons) |
(847) |
(733) |
|
Dividends paid to non-controlling interests |
(612) |
(265) |
|
Cash flow from financing activities |
|
(2,660) |
(2,977) |
Effect of foreign exchange rate changes on cash and cash equivalents |
|
(72) |
(25) |
Net increase/(decrease) in cash and cash equivalents |
|
3,060 |
2,195 |
Cash and cash equivalents at beginning of year |
5,064 |
2,869 |
|
Cash and cash equivalents at end of year |
8,124 |
5,064 |
|
Thereof cash disclosed within Assets held for sale |
|
35 |
14 |
Cash and cash equivalents presented in the consolidated statement of financial position |
8,090 |
5,050 |